Back to Propositions Search
FAILED
Cobblestone Village Public Improvement District 2018 Capital Infrastructure & Facility Improvement Bond Proposition
May 2018 Cobblestone Village Public Improvement District Uniform General & Special Election • Canvassed on 2018-05-05
Official Certified Canvass Outcome
FOR: 133 (46.0%)AGAINST: 156 (54.0%)
Total Ballots Cast on Proposition: 289
Authorized Bond Debt
$1.5M
Total 30-Yr Repayment
$2.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Cobblestone Village Public Improvement District to issue $1,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $1,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR COBBLESTONE VILLAGE PUBLIC IMPROVEMENT DISTRICT, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.